Budget & Appropriations
Lakota's budget/appropriations represents its spending plan and limitations on a fiscal year basis, July 1 -June 30. Lakota typically adopts temporary appropriations prior to the start of its fiscal year on July 1 and then finalizes the budget by adopting permanent appropriations prior to the first day in October.
The total budget/appropriations cannot exceed the amount estimated in incoming revenues to the school district plus the cash balance existing at the beginning of the year. This sets the maximum amount available to budget for the year.
The district’s budget includes all funds and is adopted at a fund object level. This is in correlation to the five-year forecast which is broken down in the same manner.
Alliance for Excellence in School Budgeting
Lakota has joined the Alliance for Excellence in School Budgeting with the GFOA (Government Finance Officers Association). We believe in the core concepts of the best practices being implemented and that student achievement and financial sustainability must be aligned.